Bank Earnings

April 12, 1986|By Deanne Brandon

BIG JUMP. J.P. Morgan & Co., the nation's fifth-largest bank holding company, reported first-quarter profit of $233.9 million, or $2.56 a share, up 42.1 percent from $164.6 million, or $1.85 a share, in the same period of 1985. Big gains were in income from foreign exchange and other trading. The New York-based company is the parent of Morgan Guaranty Trust.